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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

DIC put under supervision of Dubai Holding

Posted on 14 June 2010

From Khaleejtimes.com: Dubai International Capital (DIC), which effectively acts like a sovereign wealth fund for Dubai, on Sunday confirmed that its board was dissolved earlier this year amid restructuring plans and said it is under supervision of its parent company.
In a statement, the company said the DIC board was dissolved in January, after a report in the UK’s Sunday Times newspaper mentioned Sameer Al Ansari, former chief executive of DIC, as having left his non-executive role on the board…………………………………………Full Article: Source


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